Cryptocurrency
in simple words, Cryptocurrency is a digital or virtual currency that was created with highly encrypted so that no one can counterfeit the same, this was designed as digital money to make transactions smoother in the crypto market.
The first ever cryptocurrency was introduced in 2009 and the name was bitcoin you guys don’t need an introduction to the BTC as this is all over the internet or everyone’s word of mouth.
When Bitcoin was designed the value didn’t gain that much hype but in 2016 this was the talk of the world many people started investing in coins once BTC was all over in the news and made a lot of profits for the same.
What is the total market cap of Cryptocurrency?
After Bitcoin, multiple Coins were introduced in the crypto market which we address as altcoins today the total market cap of cryptocurrency worldwide is 2.7 Trillion dollars and the number is increasing day by day many people have started investing in cryptocurrency, but few countries have not accepted the same like India is one of them.
What is BTC or what does BTC mean
BTC was the bitcoin first cryptocurrency introduced in January 2009 and it gained attention in 2016 people were able to know after this flood of altcoins came into the market, earlier in 2013 the value of bitcoin was $111 which was a time high in 2013.
Bitcoin touched a new all-time high milestone of $ 73000 plus and as per the predictions it is expected to touch the price of 1 lakh dollars in the next few years, it would be possible because the total number of bitcoins available is limited in value
What can I buy with Bitcoin?
Many countries allow crypto payments and many businesses adopted the same mode of payment so that you can buy multiple commodities in different countries or you can also convert Crypto into cash in a few banks as you can directly get cash or bank transfer by paying in cryptocurrency, the same as stock market cryptocurrency operates via exchanges but this exchange is open for trading 24*7.
How to start Investing in the crypto market?
Investment always comes with high profit high-risk profit low risk, so this is your decision whether you want to invest, you can make unlimited and unlimited losses too.
If you want to invest in any market you need to have a deeper knowledge of market trends, multiple companies provide deep insights and better knowledge one of them is Coinmarketcap a company, whose website allows us to check detailed information on current Crypto Currency prices of the realtime price of bitcoin.
This website allows their users to read the latest bitcoin news live prices and other information on Alt Coins as well, CMC is very useful for crypto traders who always as can cryptocurrency to be a full-time business, trading is not easy for newcomers or sometimes for the experienced ones too, cryptocurrency is very much versatile and you need to take every step wisely.
What is crypto banking?
Crypto banking terms mean the same as traditional banking but the currency is not limited to the dollars, many countries adopted cryptocurrency and in the future crypto banking can be very successful, crypto banks offer very fast and quick safe transactions but there are no hard rules and regulations set by any government to take control of it.
Investing in crypto as a business
Cryptocurrency can be a full-time business as the investors seek higher returns but the risk is also on the higher side, businesses can adopt the cryptocurrency and it can be used as liquid money flow or investments in business as it will help companies to maintain regular cash flow.
Should I buy Bitcoin now?
You can check market trends before proceeding with anything crypto exchange works 24*7 but as per a few predictions bitcoin will go up to $100k in the next few years so you need a high understanding of how to invest the decision would be yours that you want to invest for long term or short term.
Which crypto to buy today for the long-term
If you are looking for an investment for the long run then you should invest in only coins that give the best results in the longer run, few of them which I know are mentioned below:
- Bitcoin: Bitcoin was the first ever cryptocurrency introduced and gained hype BTC built trust in the long term and gave 1000x results in the long run.
- Ethereum: The decentralised blockchain platform Ethereum creates a peer-to-peer network for the safe execution and validation of application code, or smart contracts. Participants can transact with one another without the need for a reliable central authority thanks to smart contracts.
The current price of Ethereum is $3976.93 - Matic: Matic is a cryptocurrency that originated from Polygan, which was responsible for fast and cheap transactions, this was also called a side chain or two-layer scaling solution that operates with Ethereum utilised for fee and stake purposes.
- Atom: The Cosmos network is made up of many separate blockchains that are connected via open-source technologies that facilitate communication between them.4 To put it simply, open-source code is code that has been made available online for anybody to see and modify. Other open-source examples are Ethereum and Bitcoin.
- CRV: Curve. fi is an automated market maker system and decentralised exchange powered by the Ethereum token Curve (CRV). The protocol’s goal is to make switching between ERC-20 tokens simple.
Best cryptos to day trade?
We can say a single crypto because all the coins have different aspects, this is not the same as the stock market, but a few examples are Matic, Doge, and TRON These are the coins I’m aware of but you need a high knowledge to start fo with.
The best 7 cryptocurrencies for investment in 2024
As cryptocurrency is highly volatile but people are getting good investment opportunities and making good profits in the longer and shorter run, below are the 7 best cryptocurrencies which you can consider investing in
- Ethereum
- Solana
- XRP
- BNB
- Tron
- Cosmos
- Litecoin
how to make money with cryptocurrency
There are multiple ways to make money in the crypto market like in the stock market you just need a deeper knowledge of trends and charts, and there are multiple sources from which you will be able to make money in the crypto market.
- Trading: Trading in crypto currency means buying and selling a particular coin in an exchange to gain some profit, trading is of two types one is intraday and the second one is for the long term.
- Mining: When you produce new bitcoins by solving highly challenging arithmetic puzzles that validate bitcoin transactions, in simple words mining means the computer solves internet transactions and the commission or part of it will be given to a miner as a cryptocurrency.
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Miners solve the highly encrypted transactions of crypto - Broker: A broker is a person who helps to invest your money into a crypto exchange with a fixed commission.
- Services: By providing exchange services,
- Gaming Interest
Cryptocurrency news and predictions
As we already discussed cryptocurrency is highly volatile this was predicted that bitcoin would bull run in 2024 and this was an all-time high at $73k on the 13th of March 2024, so bitcoin is all over the news, there are multiple rumours in the market about altcoins, news and the predictions help people to take valuable decisions for them to make good profits but sometimes fake rumours and fake news will lead us to huge losses so we need to make by taking enough time.
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